Month: June 2013

PV generation saved by the Japanese government. The companies are offer low-interests loans

PV_industry_in_Japan
The government in Japan is willing to help the Pv industry bloom. Regarding this matter, the government thought is for the best that the companies are offered low-interest loans for. The offer is available to those who install rooftop power systems.

The Japanese government is offering to help rooftop PV installers boost.

The Ministry of Economy, Trade and Industry in Japan will soon provide secure low interest loans to companies burrowing rooftop space for solar panels.

Citing the Nikkei newspaper, Bloomberg informs that the credit will be available via public financial institutions such as the Development Bank of Japan.

Companies will be allowed to sell electricity produced by the solar panels on the rooftops of people’s homes. These homeowners will also have something to gain in return for renting their rooftop space: they will receive between 10,000 yen ($97, €75) and 20,000 yen ($195, €150) a year.

Roxana Moraru

A new South African PV project has Google’s $ 10m investment

Google_PV_investents_in_South_Africa
Richard Needham, the Google director, announced that his company invested ZAR103 million, meaning US$10 million in the Jasper Project. The search engine giant believes that the African country can become a renewable energy driver for the entire continent.

Google’s director for energy and sustainability believes that there are points to take into account when analyzing PV investments.  It can have an economic sense or it can attract other investments that will “bolster the growth of the renewable energy industry and move the world closer to a clean energy future”, in the director’s terms.

The failure of the Google’s investments is almost never revealed but Bloomberg did not failed to announce that the giant is one of the equity investors in the african PV project together with SolarReserve, a U.S project developer, development partner Kensani Capital Investments; Intikon Energy; the state-owned Development Bank of Southern Africa; non-profit organization P.E.A.C.E.; and state pension fund Public Investment Group.

The search engine giant never fails to announce its investments in renewable energy so Reuters says that the company funded $94 million of photovoltaic projects in California and launched a $280 million financing package with SolarCity for residential solar installations among with acquiring a 49% stake in a German solar project in 2011.

Roxana Moraru